5 Best Cloud Computing Stocks To Buy Now

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 166

Alphabet Inc. (NASDAQ:GOOG), a prominent player in the technology industry, is best recognized for its flagship product, Google, which serves as a leading search engine handling billions of daily queries. The company boasts a diverse portfolio that includes platforms for video streaming and productivity, with YouTube being a standout asset. Additionally, it provides Google Cloud as part of its cloud computing services, offering infrastructure, cybersecurity, data analytics, and other solutions. Furthermore, Alphabet Inc. (NASDAQ:GOOG) is active in the retail sector, offering various electronic devices such as smartphones, ultra-thin notebooks, and speakers.

As of the end of December 2023, 166 out of the 933 hedge funds covered by Insider Monkey’s research held a stake in the company. The largest shareholder of Alphabet Inc. (NASDAQ:GOOG) is Ken Fisher’s Fisher Asset Management, with holdings valued at $6.3 billion.